Jerome Powell Rate Cuts 2024. By reade pickert and bloomberg. Federal reserve chair jerome powell delivers remarks during a press conference following the announcement that the federal reserve left interest rates.
Us stocks wavered tuesday after federal reserve chair jerome powell said a “lack of further progress” on inflation means the central bank likely won’t cut. The federal reserve faces a cooling job market and persistently high prices, chair jerome powell told congress, signaling that an interest rate cut may be near.